This is a genuine once in a lifetime opportunity to acquire the finest bayfront parcel in Corona del Mar. Set on a sloping bluff cascading down to its private cove, this property affords unequalled panoramic views of the harbor, ocean, Catalina and sunsets from its elevated pad area. Included in the offering are the initial phase of construction improvements (grading, shoring, and extensive new foundation construction). Now the project is ready for a new owner to step in and complete the construction of the spectacular contemporary home of 7,270 square feet that was designed by renowned architect Chris Brandon. From the moment one steps inside the two story entry hall, the new home when completed will feel as though it is floating above the cove and harbor below. Extraordinary ceiling heights complement spacious rooms in the open plan. Floor to ceiling walls of glass bring the out of doors in, making the home at one with its scintillating setting at the water's edge. Several outdoor terraces, an entertaining cabana, elevated infinity pool and private gardens will complete the home. Also included in a massive private dock with accommodations for several water craft. Over ten years in the making, this was an extraordinary undertaking to plan and receive permits to build; permits that would not likely be granted again. The construction, too, required the very best team to bring it to life. With the "difficult" part of the project now complete, a new owner will be able to create the home of their dreams in a relatively short period of time.